News > Apple has the Potential to reach a $3 Trillion Market Cap, analysts suggest

Apple has the Potential to reach a $3 Trillion Market Cap, analysts suggest

Apple Inc.’s stock could reach a market capitalization of $3 trillion, analysts have predicted, drawing attention to the development of the Electric Vehicle (EV), Apple Car, as well as high expectations for the next iPhone. In 2018, the tech giant became the world’s first publicly-traded company to be worth $1 trillion and last year, it became the U.S’s first publicly-traded company to be valued at $2 trillion.

Now, analysts at Citigroup Inc. and Wedbush see the potential for Apple to hit the $3 trillion milestones, an increase that implies an almost 50% surge from Thursday’s close.